The crypto market is a battlefield, and right now, it feels like a bloodbath for many. As the broader market experiences significant turbulence, some once-promising digital assets are taking a brutal hit, leaving investors questioning what went wrong and what comes next. If you've been watching your portfolio bleed red, you're not alone. Today, we're diving deep into five coins that have seen some of the most dramatic declines in the last 24 hours. Are these temporary dips, or a sign of deeper trouble? More importantly, is this a buy-the-dip opportunity or a warning to steer clear? Buckle up, because we're about to uncover the shocking truth behind their rapid descent and what experts are saying about their future.
Decred
Decred, a project known for its hybrid proof of work and proof of stake consensus mechanism and strong emphasis on community governance, has been caught in the crossfire of the recent market downturn. Trading at an alarming $31.16, DCR has plummeted a staggering 14.71% in just 24 hours. This sharp correction has wiped out recent gains, putting significant pressure on its short-term price action. Investors are now keenly watching to see if its robust governance model can help it weather this storm or if further declines are on the horizon. The project's dedication to decentralization and security is a long-term strength, but market sentiment is a powerful force that can override fundamentals in the short term.
- Current Price: $31.16
- 24h % Change: -14.71%
While the current drop is concerning, Decred's underlying tech holds appeal. A bullish reversal could see DCR test resistance around $35 to $38. However, if selling pressure intensifies, watch for critical support at $29 to $30.
Internet Computer
Internet Computer, a bold attempt to rebuild the internet with a decentralized global cloud network, is another major player feeling the pain. Despite its ambitious vision and continuous development, ICP's price has fallen by 13.70%, pushing its current value to $6.90. This downward trend raises questions about market confidence in its ability to scale and deliver on its promises amidst fierce competition. The project aims to decentralize everything from social media to enterprise systems, but daily price movements often reflect short-term trader sentiment rather than long-term technological adoption. The volatility seen today is a stark reminder of the challenges pioneering projects face in volatile markets.
- Current Price: $6.90
- 24h % Change: -13.70%
ICP is at a crossroads. A rebound could propel it towards the $7.50 to $8.00 range. Conversely, a sustained downturn might see it testing firm support levels near $6.20 to $6.50.
Canton Network
Canton Network, a newer contender in the decentralized finance space, has experienced a significant slide, with its price now at $0.12, marking a 12.71% drop. As a relatively nascent project, CC is particularly vulnerable to market-wide sell-offs, as it might lack the deep investor base and long-standing brand recognition of more established coins. Its vision revolves around secure, interoperable blockchain solutions, but even promising technology can't escape market gravity. This price action serves as a crucial test for its community and development team to demonstrate resilience and maintain momentum during challenging times. Early stage projects often see magnified price swings, both up and down.
- Current Price: $0.12
- 24h % Change: -12.71%
Canton Network's swift drop makes it a high-risk, high-reward play. Should it find buyers, a bullish move could target $0.14 to $0.16. Yet, a failure to hold could push it down to strong support at $0.10 to $0.11.
Monero
Monero, the undisputed king of privacy coins, isn't immune to the market's bearish sentiment. Despite its robust privacy features and a dedicated community, XMR has seen an 11.79% decline, bringing its price to $384.91. While often seen as a safe haven for those prioritizing anonymity, even Monero can't completely defy broader market trends. Its unique value proposition might offer some resistance to deeper falls, but today's performance shows that even privacy champions feel the squeeze when the market turns sour. The ongoing regulatory scrutiny on privacy coins adds another layer of complexity to its price trajectory, making its resilience in bear markets a topic of intense discussion.
- Current Price: $384.91
- 24h % Change: -11.79%
Monero's privacy-centric appeal remains, but current headwinds are strong. A recovery could see XMR climb towards $400 to $415. On the downside, critical support lies around $375 to $380.
Filecoin
Filecoin, the decentralized storage network, completes our list of recent underperformers. With a current price of $2.58 and an 10.94% drop, FIL's dip is significant. As a project focused on a tangible utility decentralizing cloud storage, its performance often reflects broader interest in Web3 infrastructure. However, investor confidence can be fickle, and even projects with strong real-world applications can suffer during market corrections. The competition in the decentralized storage space is fierce, and Filecoin needs to continuously demonstrate its adoption and utility to regain positive momentum. Today's price action highlights the challenges even utility-driven tokens face in an unpredictable market.
- Current Price: $2.58
- 24h % Change: -10.94%
Filecoin's utility is undeniable, but the market is testing its resolve. A bullish bounce could target $2.75 to $2.90. However, a break below current levels might seek support at $2.45 to $2.50.
The recent downturn in the crypto market has sent shockwaves through the portfolios of many, and these five coins, Decred, Internet Computer, Canton Network, Monero, and Filecoin, have certainly felt the brunt of it. While the percentage drops are stark, it's crucial to remember that volatility is a constant companion in the crypto world. For some, these price corrections represent a nerve-wracking test of conviction; for others, a potential entry point for long-term gains. As always, do your own research, consider the underlying fundamentals, and assess your risk tolerance before making any investment decisions in these turbulent waters. The crypto market never sleeps, and neither should your vigilance.
Data from CoinGecko as of 11/11/2025 | Not financial advice – DYOR.
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